Mukesh Buch
29 May, 2009
New York City
In Mumbai the benchmark index closed up 2.3% after the release of fourth quarter economic data. Real estate developers, banks and oil and energy companies traded higher. The benchmark indexes have rebounded 52% from their lows ten weeks ago.
123jump.com Staff
29 May, 2009
New York City
The GDP expanded at 5.8% in the fourth quarter in India and for the fiscal year ending in March at 6.7%. The annual growth rate was the slowest in the last six years after hitting the peak of 9.6% two years ago. The government spending in rural areas ahead of election surged 12.5% in the quarter.
123jump.com Staff
29 May, 2009
New York City
The video game and entertainment software retailer sales increased 9.2% to $1.98 billion despite comparable store sales decline of 1.5% in the quarter. Net quarterly earnings increased 13.4% to $70.4 million. Earnings per share rose to 42 cents from 37 cents in the prior-year quarter.
123jump.com Staff
28 May, 2009
New York City
U.S. stocks rebounded after the U.S. bonds recovered and yields dropped. Housing market remained weak as more home owners fall behind on their mortgages. Crude oil surged after inventories declined. GM bankruptcy is imminent.
123jump.com Staff
28 May, 2009
New York City
Weak earnings from asset management companies and retail sales impacted the UK averages. Speedy Hire to raise
Mayank Mehta
28 May, 2009
New York City
General Motors Corporation led gainers in the S&P 500 index with a rise of 13.9% before settling to 1% gain. Coldwater Creek Inc first quarter reports narrower than expected loss. dELiA, Inc first quarter loss narrows. Star Bulk Carriers Corp first quarter profit rises.
123jump.com Staff
28 May, 2009
New York City
The teen-focused retailer net quarterly sales declined 16% to $223.5 million on same-store sales fall of 18%. Net quarterly loss narrowed 27.5% to $8.7 million helped by a decline in expenses. The company lost 13 cents a share compared to a loss of 17 cents a share a year-ago quarter.
Sarla Buch
28 May, 2009
New York City
U.S. stocks edged lower after mortgage delinquencies rise to a record high. Crude oil and natural gas prices surged after the release of weekly inventories data. Initial jobless claims in last week declined 13,000. Durable goods orders increased in April.
Darlington Musarurwa
28 May, 2009
New York City
Global markets weakness dragged Australian stocks lower. The strength in oil and firm metal prices also supported the Aussie. Babcock & Brown Japan Property Trust surged after it sold one of its properties in Tokyo. Monadelphous Group was awarded A$170 million contract from Woodside Petroleum.
Darlington Musarurwa
28 May, 2009
New York City
Japan Tobacco finalized its terms of five year bonds sales that are rated AA. Sumitomo Mitsui Financial plans to raise as much as $8.6 billion after it made a disastrous investment in Barclays. April retail sales decline in Japan marked the eighth monthly fall in a row.
123jump.com Staff
28 May, 2009
New York City
Investors in India focused on economic growth prospects and higher earnings while rating agencies sounded alarm of rising government deficit. The government is likely to record annual deficit of 10% or higher for the second year in a row.
123jump.com Staff
27 May, 2009
New York City
The global retailer first quarter sales fell marginally to $93.47 billion. Income from continuing operations were also flat at $3.03 billion. Earnings per share were 77 cents as against 76 cents in the previous year.
Darlington Musarurwa
27 May, 2009
New York City
Australian stocks are expected to trade lower after a weak close in New York and a rise in bond yields. Crude oil traded as high as $63 a barrel after Saudi minister estimated price above $75 by the end of the year. Westfield Group unit completes $700 million debt offering.
123jump.com Staff
27 May, 2009
New York City
U.S. stocks dropped as the government conducted its second day of debt auction. The wide participation in the bond auction did not prevent yields from rising. The benchmark yield spread rises to 276 basis points. Stocks fell as the U.S. carries our $171 billion debt auction this month.
123jump.com Staff
27 May, 2009
New York City
European market indexes closed higher. Germany reported consumer price index declined in May. Consumers and businesses reported a rise in confidence in France. Steel stocks gained in Frankfurt. EDF plans to raise 1 billion euros.
